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Fern said the European Green Deal includes two forest initiatives and that the Commission will issue new regulatory measures for deforestation-free supply chains starting in 2020. The NGO warned that poor implementation could cause harm.
Planned EU rules on deforestation-free supply chains could restrict or raise the cost of imports of palm oil, soy, beef and cocoa, a longer-term bearish factor for these commodities into the EU market.
fern.orgDec 11, 2019After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
